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on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where they dump the trash and you get a different impression. in spain these days, one person's gar
shock the economy and trigger a recession by reducing the cash that taxpayers have to rend. but scott, congress and the president now have a firm price greson what it costs if they don't reach a budget deal after the election. >> pelley: wyatt, thank you, the u.s. economy is also being hurt no what's happening far beyond washington, all the way across the atlantic. senior business correspondent onthony mason has more on that. ha reporter: in spain this weekend, police clashed with protesters angry over austerity measures the government's been forced to implement. a quarter of the work force in spain can't find jobs and the unemployment rate in the 17- nation euro zone has now hit a record high-- 11.4%. for three straight quarters, the european economy has been rinking and federal reserve chairman ben bernanke said today amica is feeling the impact. >> it has been a problem for the oblemeconomy. we have seen head winds coming from slowing trade. >> reporter: if you combine rtports and exports, the european union is our biggest trading partner. >> so we have a very strong troerest in eu
obama. >> reporter: romney has been trying to make the case he'll do a better job with the economy but in all three states the polls shows president obama leading on that issue. >> the path i offer is harder but it leads to a better place. i'm asking you to choose that future. >> reporter: romney does lead in one category, voters in those same states say he would do a better job on the deficit. and both candidates will be appearing in the cleveland and toledo area today and romney will also be making a stop near columbus. >> it's on. thanks. two powerful bombs exploded in the syrian capital of damascus this morning. the explosion detonated minutes apart followed by gunfire. the attack was blamed on terrorists. damascus has been rocked by a series of bombings in recent months as the uprising against president bashir al assad escalates. >> egypt's president is scheduled to address the u.n. general assembly. his remarks will be closely watched for signs of what direction egypt's new government may go. on tuesday president obama addressed the general assembly. he urged world leaders to
have a barn burner now. >> reporter: the debate will center on domestic issues including the economy but right now romney is focused on foreign policy and has been slamming the president over his handling of the events in the middle east. in an op-ed in the "wall street journal" romney said the president showed weakness in the middle east. he said president obama heightened the prospect of conflict and instability. he doesn't understand an american policy that lacks resolve can provoke aggression and encourage disorder. white house aides says the president is looking forward to debating foreign policy with mitt romney. >> this president promised two things in 2008. he ended the iraq war. he did. he will focus on bin laden and bring him to justice. >> reporter: romney is said to be planning a major foreign policy speech to be delivered in the next few weeks. foreign policy is the focus of the final presidential debate on october 22nd in florida. >> susan mcginnis in washington this morning. susan, thank you so much. come november colorado voters are expected to pass an amendment addre
by $2,000. economists warn the tax hikes and automatic spending cuts would put the economy back into recession. >>> amex is paying large fines to settle accusations it defrauded customers. they say the credit card company charged unlawful late fees and deceived cardholders into paying off old debts or buying extra card services. amex will refund $85 million to 250,000 customers. so it will be interesting to see, maybe you will get a check in the mail if you have an amex card. >> we take all checks. >> do you have an iphone 5? >> no. blackberry girl. >> well, in a may be a good thing because they have more problems. -- that may be a good thing because they have more problems. >> reporter: yes. a glitch in its new software is us canning thephobes to con -- causing the phones to consume massive amounts of cell data even connected to wi-fi. yesterday apple posted instructions on its website on how to fix the problem but you will remember on friday apple was apologizing for its new problem-plagued mapping service so all apple fans are having difficulties. it makes me happy to have m
Search Results 0 to 4 of about 5